Finance Minister Dr. Casseil Ato Forson will today brief Ghanaians on government-approved measures to stabilize the cocoa sector following an emergency cabinet meeting convened by President John Dramani Mahama on Wednesday, February 11, 2026.
The meeting addressed persistent challenges in the cocoa industry, including unfulfilled supply contracts, financing gaps, and the impact on farmers’ livelihoods, with some farmers reportedly threatening to sell their lands to illegal miners.
Minister of State in Charge of Government Communications, Felix Kwakye Ofosu, said the cabinet agreed on expedited payments to cocoa farmers, sweeping reforms at the Ghana Cocoa Board (COCOBOD), and structural changes to boost domestic cocoa processing rather than exporting raw beans.
“At the end of the emergency session, decisive measures have been agreed upon regarding expedited payments of cocoa farmers, regarding the implementation of the most drastic reforms in the cocoa sector, with a view to achieving quantum leaps in domestic processing of cocoa as opposed to exports of raw materials, and various reforms to be carried out at cocoa board in order to ensure more effective administration and management of the cocoa sector,” Kwakye Ofosu said.
COCOBOD Chief Executive Officer Randy Abbey confirmed that tens of thousands of tonnes of cocoa beans remain with farmers due to uncompetitive pricing, highlighting the urgent need for reform.
Today, Dr. Forson will present the full measures to the public, outlining steps to support farmers and strengthen the sector.
Source: Starrfm.com.gh
